Of particular interest this week:
Drilling Rig Counts – Impact of Saudi’s plans still progressing.
Base metals – backwardation
Copper Eventually the market will wake up to fundamentals.
Nickel The Kambalda Football Club is in crisis.
Zinc & Lead RVR – good drilling (Zn-Cu) results at Thalanga.
Tin A tight market, for one with so much metal about.
Aluminium Rusal considering smelter cut-backs (not? to be restarted).
Gold Mine supply is reducing. Recycling is reducing. ‘near-market’ stocks have reduced.
Platinum & Palladium Sth Africa plans for a Pt fuel cell plant in-country.
Oil Prices jumped on anticipation of a production cut-back. However low prices forecast ahead.
Coal Stanmore (SMR) poised for an April re-commissioning of Isaac Plains.
Iron Ore Rate of price decline slowing, and turning, perhaps near bottom.
Shipping Dry Bulk markets down during Chinese New Year holiday festivities.
Drill Rig Counts (global): Mid-east market share almost doubled.
Port Hedland – iron ore shipments